2302 S Gaffey ST #1 new Save Request In-Person Tour Request Virtual Tour
San Pedro,CA 90731
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID PV25099370
Construction Status Turnkey
HOA Y/N No
Year Built 1964
Lot Size 5,000 Sqft
Property Sub-Type Apartment
Property Description
Exceptional Investment Opportunity in San Pedro's Thriving Rental Market-Nestled in the highly desirable Vista Del Oro neighborhood of San Pedro, California, this meticulously maintained five-unit apartment building presents a rare and lucrative investment opportunity. Located on Gaffey Street just south of 22nd, this property benefits from a strong rental demand in one of the most picturesque coastal communities in Southern California.
Property Highlights
• Five units total, including four spacious 2-bedroom, 1-bath apartments plus a permitted ADU with certificate of occupancy.
• Built in 1964, this classic apartment building has been carefully preserved and thoughtfully updated.
• All units are separately metered for gas and electricity, offering convenience and cost efficiency.
• Stunning harbor views, creating an attractive living environment for tenants.
Prime Location & High Demand Rental Market
San Pedro's rental market continues to thrive, offering investors steady income potential. This property is situated near key attractions such as:
• Cabrillo Marina – Perfect for boaters and ocean lovers.
• Cabrillo Beach – A favorite spot for sun-seekers and outdoor enthusiasts.
• Bustling Local Shops, Cafés, and Restaurants – Vibrant coastal living in a growing community.
As San Pedro undergoes ongoing redevelopment, including the exciting West Harbor waterfront project, rental properties are becoming even more valuable. The area's proximity to major freeways, employment centers, and scenic coastal destinations makes this apartment complex an exceptional long-term investment.
Why Invest Here?
San Pedro's charm, strong rental demand, and steady appreciation potential make this five-unit building an outstanding addition to any investor's portfolio. Whether you're looking to expand your holdings or secure a lucrative rental property in a high-demand location, this is an opportunity you don't want to miss.
Location
State CA
County Los Angeles
Area 183 - Vista Del Oro
Zoning LARD1.5
Interior
Interior Features Balcony,All Bedrooms Down
Heating Wall Furnace
Flooring Laminate
Fireplaces Type None
Fireplace No
Appliance Gas Oven,Gas Range,Refrigerator
Laundry Inside
Exterior
Parking Features Door-Single,Garage
Garage Spaces 4.0
Garage Description 4.0
Fence Wrought Iron
Pool None
Community Features Biking,Curbs,Fishing,Hiking,Park,Storm Drain(s),Street Lights,Sidewalks,Water Sports
Utilities Available Cable Connected,Electricity Connected,Natural Gas Connected,Phone Connected,Sewer Connected,Water Connected
View Y/N Yes
View Harbor,Hills,Marina
Roof Type Asphalt
Accessibility None
Total Parking Spaces 4
Private Pool No
Building
Lot Description 0-1 Unit/Acre,Sloped Down
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Architectural Style Contemporary
Level or Stories Two
New Construction No
Construction Status Turnkey
Others
Senior Community No
Tax ID 7465007001
Acceptable Financing Cash,Cash to New Loan,Conventional,Contract,1031 Exchange
Listing Terms Cash,Cash to New Loan,Conventional,Contract,1031 Exchange
Special Listing Condition Standard